Lock

Lock is a module located in the back office which applies the market regulation, where the market regulations control whether a specific government entity is the custody of all financial instruments or private companies should provide this service

IT Absolute's back office system supports custody features:

• As part of the customer profile, the custody entities with which the customer has contracts are recorded each with the proper commission basis.
• All trading operations record the custody where the traded securities are held.
• Trading operations rules take the custody dimension into consideration.
• The system calculates the custody commissions for each trade based on the customer-custody contract.
• Clearance with custody entities.
• Customer portfolio views can be broken down by custody.
• A number of reports target statistics related to custody.